///Corporate

UMG NAMES GRAMMY AWARD WINNING PRODUCER AND LABEL EXECUTIVE ANTONIO ‘L.A.’ REID TO CHAIRMAN OF THE ISLAND DEF JAM MUSIC GROUP

New York, New York, February 10, 2004…Universal Music Group (UMG), the world’s leading music company, has named Grammy Award-winning producer, entrepreneur and leading recording executive Antonio ‘L.A.’ Reid to Chairman of The Island Def Jam Music Group, it was announced today by UMG Chairman and CEO Doug Morris, and President Zach Horowitz. Reid’s appointment is effective February 12, 2004.

“We couldn’t be happier to be working with an executive who has the range of talents that Antonio brings to the company,” stated Morris. “He is a multidimensional music man and entrepreneur, whose hallmarks have been a deep love of music and an incredibly successful track record in building the careers of world-class artists. I am confident that we will have a smooth transition and begin a new era of growth and excitement for Island Def Jam.”

“Antonio is a terrific choice to head Island Def Jam,” added Horowitz. “He has the talent and commitment to carry on the proud and dynamic traditions of one of the world\'s finest music companies.”

“This is an amazing opportunity to work with the most talented artists and executives in the recording industry, including Doug, Zach and Jimmy, who are the absolute best in the business,” commented Reid. “The Island and Def Jam brands have had such a tremendous impact on popular music culture, and it’s an honor to carry this legacy into the future.”

Reid, an award-winning producer, most recently served as President & CEO of Arista Records. While there, he scored critical and commercial success with such artists as OutKast, whose new album Speakerboxxx-The Love Below, recently earned three Grammy Awards, including Album of the Year, and remains one of the best-selling albums in the country, as well as Sarah McLachlan, Dido, 2004 Grammy winner Pink and Avril Lavigne, among many others. His artists at Arista won five 2004 Grammy Awards and garnered a total of 31 nominations. Formerly, he served as Co-President of the highly successful LaFace Records, which he co-founded in 1989 with producer-songwriter Kenneth ‘Babyface’ Edmonds. Under Reid\'s leadership, LaFace had grown into one of the music industry\'s premier record labels, dominating the pop and R&B charts with such top acts as TLC, Toni Braxton, Usher, Tony Rich, Pink, OutKast and others. In total, the Atlanta-based label had sold more than 50 million albums worldwide. Prior to founding LaFace Records, Reid garnered 33 No. 1 singles and three Grammy Awards with Babyface as the producing-songwriting duo behind such chart-topping acts as Whitney Houston, Boyz II Men, the Jacksons, Bobby Brown, Paula Abdul and Sheena Easton.

Universal Music Group is the world’s largest music company with wholly owned record operations or licensees in 71 countries. Its businesses also include Universal Music Publishing Group, one of the industry’s largest global music publishing operations.

Universal Music Group consists of record labels Decca Record Company, Deutsche Grammophon, DreamWorks Records, Interscope Geffen A&M Records, Island Def Jam Music Group, Lost Highway Records, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor, Universal Music Latino, Universal Motown Records Group, and Verve Music Group as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalog of music in the industry, which is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Strategic Marketing & Commercial Affairs (outside the U.S.). Universal Music Group also includes eLabs, a new media and technologies division.

Universal Music Group is a unit of Vivendi Universal, a global media and communications company.

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